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Key Oil Spread Flips to Contango as Supply From Hormuz Climbs

A closely-watched oil market indicator flipped into a bearish structure for the first time since February, as the US-Iran agreement to reopen the Strait of Hormuz boosts flows from the Middle East.

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BloombergLean L·3h ago
Key Oil Spread Flips to Contango as Supply From Hormuz Climbs
A closely-watched oil market indicator flipped into a bearish structure for the first time since February, as the US-Iran agreement to reopen the Strait of Hormuz boosts flows from the Middle East.
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Key Oil Spread Flips to Contango as Supply From Hormuz Climbs

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Key Oil Spread Flips to Contango as Supply From Hormuz Climbs

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